The Short-Term Industry Projections application produces two-year employment projections by detailed industries for your state and local areas. Output files from this application can be transferred to either Occupational Projections or Report Manager, two other Projections Suite applications. In addition, the output can be exported from the Projections Suite for use with other commercial software.
The Long-Term Industry Projections course will give you the technical skills and hands-on software experience to be able to complete long-term employment projections for your state down to the NAICS 4-digit level of industry detail. Regression analysis is the prominent statistical tool used to analyze the employment time series.
In the Occupational Projections (OP) section of the Projections Training Program analysts are taken through the necessary steps to develop short and long-term occupational projections.
Starting with industry projections from the short-term, long-term industry projections system or from any other industry projections source, this course moves from initial planning to final calculation of the end result of the entire projections process, an estimate of the number of future openings for each occupation in the Standard Occupational Classification (SOC) system. A primary reference is Projecting Long-Term Industry and Occupational Employment for States and Areas, May 2001 available from the Projections Central website and Projections Methodology in the Employment Projections section of the BLS website.
The Report Manager application uses output files transferred from the Projections Suite Estimation applications (STIP, LTIP, and OP) or files imported from external sources to generate projections-related analyses and reports. Within Report Manager, you can create descriptors (e.g., high growth industries and low growth industries), indexes (e.g., hot jobs based on occupational projections and occupational wages), or skills-based employment projections (e.g., green and non-green skill employment demand).